Tag: earnings

Snap returns to growth with 190 million daily users in Q1 2019

In its Q1 2019 earnings report today, Snap had lots of good news for investors, from increased users to significant revenue growth. The camera company has not only halted the quarters-long trend of losing daily active users (DAUs), it’s increased that number 2% since its Q4 2018 report, to 190 million DAUs. That’s still shy […]

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Twitter is slowly perfecting the art of inventing nonsensical performance metrics

In its latest effort to innovate around its business model of opacity, Twitter officially today unveiled its latest self-invented metric, dubbed “monetizable daily active usage.” Naturally, this being Twitter, the company decided to retire the more standard Monthy Active User metric during a quarter in which it announced MAUs were actually good, MAUs rose to […]

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Despite Big North American Earnings, Barra Says GM Plants Have to Go

Despite a year-over-year sales drop in the fourth quarter of 2018, a higher average transaction price spurred by growth in high-margin vehicle sales in North America returned better than expected Q4 earnings for General Motors. The company’s strong showing comes as its overseas ventures sank and headwinds gathered at home and abroad; mainly, predictions of […]

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Honda’s New Passport Arrives at an Opportune Time

No, not just because American buyers open their wallets for anyone hawking a high-riding vehicle; rather, because an influx of cash would help stabilize Honda’s balance sheet. The automaker’s global profits took a 40 percent haircut in the fiscal quarter ending December 31, with net income falling 71 percent in the same time frame. North […]

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Apple’s Q1 2019 earnings call: iPhone revenues fell 15% despite 19% growth elsewhere

After releasing first-quarter 2019 financial results today, Apple CEO Tim Cook and CFO Luca Maestri hosted their quarterly live question-and-answer session for financial analysts. We are covering the session live, with updates below in chronological order as the call proceeds. This article is being updated while the event is in progress. Please refresh the page for the latest details. […]

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Drone company DJI loses $150 million to corruption

(Reuters) — China’s DJI, the world’s largest maker of consumer drones, has discovered several cases of serious corruption at the company and expects 2018 losses of more than 1 billion yuan ($150 million) as a result, it said on Friday. The company said it was investigating the cases, which came to light during routine quality control […]

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Nvidia’s stock falls 15% after earnings miss

Graphics and AI chip maker Nvidia saw its stock price fall 15 percent in after-hours trading after it reported third fiscal quarter earnings (ended October 28) that missed Wall Street’s targets. On average, analysts expected revenue of $3.24 billion (up 23 percent annually) and non-GAAP earnings per share of $1.93. Nvidia came in with revenues of […]

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Apple’s Wearables Category Sees Record Revenue Growth in September Quarter

While Apple’s Services division is seeing its own all time high records, the Wearables category continues to rake it in. The follow-up earnings call that Apple hosted, following the quarterly earnings report, the company confirmed that its Wearables category is seeing a huge boost. As you know by now, Apple doesn’t break down the specifics […]

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Apple Services Revenue Reaches $10 Billion All Time High

Services have become a huge element to Apple’s business plan, and it looks like it’s definitely paying off. As part of today’s fiscal fourth quarter earnings, Apple announced that its Services category, which includes the App Store, Mac App Store, Apple Music, iCloud, AppleCare, and Apple Pay, has reached an all-new all time high of […]

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Apple Announces Q4 2018 Revenue of $62.9 Billion With 46.9m iPhones, 9.7m iPads, and 5.3m Macs

Following along with its yearly routine, Apple today announced it latest quarterly earnings. Apple has officially announced its third quarter results of 2018. These follow the strong results from the third quarter, and see millions more iPhones, iPads, and Macs sold to the masses. Here’s how it all breaks down: Apple sold 46.89 million iPhones […]

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Nintendo sells 5 million Switches in six months ended September 30, game copies up 91%

Nintendo sold 5.07 million Switch hybrid consoles in the first half of 2018, but revenues grew only 4 percent to $3.9 billion in the six months ended September 30. The Kyoto, Japan-based company said profit was $815 million, up 32 percent from a year earlier. Nintendo said it would not change its previous forecast for […]

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